- /ˌbaɪəz 'sɜ:pləs/ nounan extra margin generated when an item is bought at a higher discount than usual● When the brand manager realised how great the buyer’s surplus was, she decided to lower the price of the product.
Marketing dictionary in english. 2015.
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buyer's surplus — UK US noun [U or C] (also consumer surplus) ► ECONOMICS the difference between the actual price of an item and the price that a buyer would be willing to pay: »Buyer s surplus is a measure of the satisfaction you gain from a purchase. → Compare… … Financial and business terms
surplus — ▪ I. surplus sur‧plus 1 [ˈsɜːpləs ǁ ˈsɜːr ] noun 1. [countable, uncountable] ECONOMICS an amount of something that is more than what is wanted, needed, or used: • Sugar prices fell after revised estimates of the surplus for the current crop year … Financial and business terms
Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… … Wikipedia
consumer surplus — ➔ surplus1 * * * consumer surplus UK US noun [U or C] ► ECONOMICS BUYER S SURPLUS(Cf. ↑buyer s surplus): »The economic benefit to individuals is often measured by consumer surplus … Financial and business terms
seller's surplus — UK US noun [U or C] ECONOMICS ► the difference between the lowest price that a seller would sell something for, and the price at which they really sell it: »The seller s surplus is the trade price minus the seller s valuation. → Compare BUYER S… … Financial and business terms
Capital, Volume I — is the first of three volumes in Karl Marx s monumental work, Das Kapital, and the only volume to be published during his lifetime. Originally published in 1867, Marx s aim in Capital, Volume I is to uncover and explain the laws specific to the… … Wikipedia
Price discrimination — or price differentiation exists when sales of identical goods or services are transacted at different prices from the same provider. In a theoretical market with perfect information, perfect substitutes, and no transaction costs or… … Wikipedia
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… … Wikipedia
Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia